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Trump Takes Center Stage Shaking Up the UN, Challenging Iran & Defending America, and · The 47 Morning Update with Ben Ferguson

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  Speaker 1: I just want to say I want to thank the
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  Speaker 1: Prime Minister and the Prime Minister, Greenland, Denmark, and we're
• 0:06
  Speaker 1: going to have a tremendous relationship, a secure relationship, and
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  Speaker 1: we look forward to it. We'll be working very hard
• 0:13
  Speaker 1: and very much in conjunction with each other. Almost every
• 0:16
  Speaker 1: president at least mentioned it, but most of them just
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  Speaker 1: mentioned it. Some really wanted to make a deal and
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  Speaker 1: never got done, but we're getting it done. So this
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  Speaker 1: is tremendous for Europe and for the United States and
• 0:29
  Speaker 1: for everybody and for Greenland is going to be incredible.
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  Speaker 2: You're listening to the 47 Morning Update with Ben Ferguson.
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  Speaker 3: Good Wednesday morning. Nice to have you with us on
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  Speaker 3: the 47 Morning Update. And we've got two very big
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  Speaker 3: stories for you. First up, the president of the United
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  Speaker 3: States of America, Donald Trump, went to the U.N. General
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  Speaker 3: Assembly in New York. And my, oh, my, did he
• 0:48
  Speaker 3: have a lot to say. He also had some warnings
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  Speaker 3: for Iran and China. We break it all down for
• 0:54
  Speaker 3: you so you know exactly what he said and what
• 0:57
  Speaker 3: is happening because of it. Also, the president is now
• 1:00
  Speaker 3: being asked and pushed by many to do something that
• 1:04
  Speaker 3: we have not seen in quite some time. That is
• 1:07
  Speaker 3: limit diesel fuel from actually being exported from the United
• 1:10
  Speaker 3: States of America. So what would that do for the
• 1:13
  Speaker 3: price of the pump? We have that for you as well.
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  Speaker 3: Before we get to that, though. The stakes couldn't be higher.
• 1:20
  Speaker 3: And we finally have a president and administration fighting for
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  Speaker 3: America first. But if conservatives lose focus, the same people
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  Speaker 4: It's the 47 Morning Update and it starts right now.
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  Speaker 2: Story number one.
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  Speaker 3: President Donald Trump walked into the United Nations and delivered
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  Speaker 3: a message that was unmistakably Trump. America is going to
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  Speaker 3: use its power. America is going to protect its interests.
• 3:02
  Speaker 3: And the president says he is willing to act when
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  Speaker 3: diplomacy fails. In other words, Donald Trump took the America
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  Speaker 3: first message to the world. Now, this is not simply
• 3:13
  Speaker 3: a speech about one war or one country. It was
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  Speaker 3: essentially Trump laying out his view of America's place in
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  Speaker 3: the world. And the theme running through virtually everything he
• 3:23
  Speaker 3: said was this. While others have talked, I've acted. While
• 3:27
  Speaker 3: others have spoken of peace, I have made peace. Now,
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  Speaker 3: Trump began by talking about America itself, arguing that the
• 3:35
  Speaker 3: country is stronger economically and technologically and highlighted the private
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  Speaker 3: sector job growth, lower illegal immigration rates and declining crime.
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  Speaker 4: As the president walked out on stage, he started with this.
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  Speaker 1: It's my great honor to welcome the world to America
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  Speaker 1: as we celebrate 250 years of glorious freedom and independence.
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  Speaker 1: Two and a half centuries after the cause of liberty
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  Speaker 1: found its home on this continent, I can report to
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  Speaker 1: you with pride that America is back and our country
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  Speaker 1: is stronger today than ever before. Our economy is the
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  Speaker 1: envy of the world. Our military is the most powerful
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  Speaker 1: on Earth. Our technology is second to none, and we
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  Speaker 1: are leading in virtually everything. Our energy is fueling the planet.
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  Speaker 1: America is rising. Our nation is growing. Our power is expanding.
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  Speaker 1: Our country is doing better than ever before. And our
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  Speaker 1: future is very, very bright.
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  Speaker 3: As the AP put it, they said, quote, Donald Trump's
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  Speaker 3: message was America's back. America's strong and America's strength gives
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  Speaker 3: the United States leverage around the world. Now, the president
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  Speaker 3: also talked about our economy and what we've done to recover,
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  Speaker 3: saying that America was dead just a few years ago.
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  Speaker 1: Since I took office, we have created more than one
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  Speaker 1: million new private sector jobs, and more Americans are working
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  Speaker 1: today by far than ever before. Last week, it was
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  Speaker 1: announced that the poverty rate has reached its lowest level
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  Speaker 1: in American history. We lifted 1.5 million Americans out of
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  Speaker 1: poverty last Last year alone, another record. The African American
• 5:22
  Speaker 1: and Hispanic American poverty rates are at all-time lows. Real
• 5:27
  Speaker 1: household incomes for Americans have soared to the highest level
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  Speaker 1: in history, 87,000 on average, surpassing the prior record that
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  Speaker 1: I set in my first term. From day one, my
• 5:41
  Speaker 1: administration has worked to remove every single unnecessary regulation and
• 5:46
  Speaker 1: obstacle to doing business in America. We passed the largest
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  Speaker 1: tax cuts in American history, and as a result, more
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  Speaker 1: money is being invested in the United States right now
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  Speaker 1: than has ever been invested in any nation anywhere in
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  Speaker 1: the world.
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  Speaker 2: U.S.
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  Speaker 1: Stock markets have set 80 all-time records, and that's just
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  Speaker 1: in the last 12 months. We've secured commitments for $ 21
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  Speaker 1: trillion in new investments from all over the planet. compared
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  Speaker 1: to less than $ 1 trillion in four years in the
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  Speaker 1: previous administration. Two years ago, our country was dead, and
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  Speaker 1: now we have the hottest country anywhere in the world.
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  Speaker 3: Anywhere in the world, the president laying it out, saying,
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  Speaker 3: I'm going to be proud of this country. Now, there
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  Speaker 3: was also another very interesting conversation the president had. And
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  Speaker 3: he says, while others have talked, I've acted.
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  Speaker 4: And while others have spoken of peace, I've made peace.
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  Speaker 3: But also he's willing to confront the world.
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  Speaker 4: Specifically, he was referencing, obviously, Iran.
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  Speaker 3: And I want you to take a listen to what
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  Speaker 3: he had to say about America and our role in
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  Speaker 3: the world, specifically when it comes to peace, but also
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  Speaker 3: standing up to bullies like Iran.
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  Speaker 1: The entire world is being lifted by the wealth, strength,
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  Speaker 1: spirit and momentum of a newly energized and a very
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  Speaker 1: powerful United States of America. And just as we moved
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  Speaker 1: quickly to address problems we inherited at home, we have
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  Speaker 1: acted with decisiveness and speed. to reshape the world stage
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  Speaker 1: and solve problems that have plagued us for far too long.
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  Speaker 4: Every leader in this.
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  Speaker 1: Room and your great leaders, many great leaders, I know
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  Speaker 1: all of you very well, but they know that given
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  Speaker 1: only a short time to make this world better, safer,
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  Speaker 1: and more prosperous for our children, for the people on Earth,
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  Speaker 1: we have to take advantage of it. As president of
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  Speaker 1: the most extraordinary nation in history, I have no interest
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  Speaker 1: in leaving dangers to grow for another day. I do
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  Speaker 1: not believe in letting problems fester. They only become harder
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  Speaker 1: to solve. So while others have talked, I have acted.
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  Speaker 1: While others have spoken of peace, I have made peace.
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  Speaker 1: While others have ignored threats, I have confronted them. While
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  Speaker 1: others have talked of courage, America has shown it. While
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  Speaker 1: others have promised strength, I have used it to make
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  Speaker 1: America the most powerful country in the world.
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  Speaker 4: Now, the president wasn't done there.
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  Speaker 3: He also talked about Iran and specifically what it means
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  Speaker 3: for the president of the United States of America when
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  Speaker 3: it comes to options with Iran and what the world
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  Speaker 3: need to understand about Iran.
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  Speaker 1: But I have a big decision to make. Will a
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  Speaker 1: deal be made with Iran that lets them rebuild and
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  Speaker 1: create a far greater country than it ever was before?
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  Speaker 1: maybe one of the greatest in the Middle East or
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  Speaker 1: even the world? Or do I annihilate the Islamic Republic
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  Speaker 1: and do it quickly, never giving them a chance to
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  Speaker 1: kill and destroy people and countries again? Do I drive
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  Speaker 1: them into hell with no chance of survival and no
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  Speaker 1: hope of future greatness or generations? But I believe we'll
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  Speaker 1: make a deal right after the election because it doesn't
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  Speaker 1: make sense for them not to They're waiting to see
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  Speaker 1: how I do in the midterm election. What they don't
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  Speaker 1: realize is that I'm not running. I did that already
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  Speaker 1: and won in a landslide. We won in a giant landslide.
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  Speaker 1: And I'll be here for two and a half years.
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  Speaker 1: The Republican Party is running and I'll be helping them.
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  Speaker 1: But I am not running. I gave absolutely no credence
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  Speaker 1: and will not give credence to the election when it
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  Speaker 1: comes to Iran. It doesn't even enter my mind. The
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  Speaker 1: only thing that does is that Iran will never have
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  Speaker 1: a nuclear weapon.
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  Speaker 3: The president making it clear at the United Nations that
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  Speaker 3: he will not be bullied by Iran It will not
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  Speaker 3: change his domestic policy. It will not change the way
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  Speaker 3: that he does the election coming up. And that he
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  Speaker 3: will make sure that Iran comes to the table for
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  Speaker 3: a deal that makes sure that Iran never, ever has
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  Speaker 3: a nuclear weapon. And that, my friends, is the warning
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  Speaker 3: from the president, not just to Iran, but also to
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  Speaker 3: the rest.
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  Speaker 4: Of the world.
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  Speaker 2: Next, story number two.
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  Speaker 3: President Trump has pushed to keep American diesel now in America,
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  Speaker 3: as prices are hitting a record high ahead of the midterms. Now,
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  Speaker 3: this is a major new fight breaking out in Washington
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  Speaker 3: over the price of diesel fuel, and the president put
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  Speaker 3: himself directly in the middle of it. Now, let me
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  Speaker 3: explain to you what the basic argument is. It's actually
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  Speaker 3: really simple. This is what the White House and advocates
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  Speaker 3: are saying, that if American refineries are producing diesel in America,
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  Speaker 3: should we continue shipping enormous quantities of that diesel overseas
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  Speaker 3: while American farmers and truckers and businesses are paying record
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  Speaker 3: prices here at home? Now, a growing group of lawmakers
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  Speaker 3: and state officials are saying absolutely not. And now President
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  Speaker 3: Trump says he has been pushing the same idea inside
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  Speaker 3: his administration. Now, speaking to reporters on Tuesday before meeting
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  Speaker 3: President Zelensky of Ukraine, Trump said, quote, I've said let's
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  Speaker 3: not send out the diesel. We make a lot of diesel.
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  Speaker 3: I've called for it. I've called for it within my people,
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  Speaker 3: referring to his administration. Now, this is significant because the
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  Speaker 3: Treasury Secretary Scott Besson said alongside the president that the
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  Speaker 3: administration is examining whether an export restriction is feasible and
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  Speaker 3: whether it would make more sense to impose a full
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  Speaker 3: or partial restriction. So this has moved beyond a couple
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  Speaker 3: of members of Congress now. Now this is not just
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  Speaker 3: them throwing an idea out there against a wall and
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  Speaker 3: seeing if it sticks. The president now has officially and
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  Speaker 3: publicly advocated for this concept. Now, the second question you
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  Speaker 3: may be asking yourself is, OK, well, why is this happening? Well,
• 12:00
  Speaker 3: look at diesel prices. This is the part that hurts.
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  Speaker 3: The national average reached about six and a half dollars
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  Speaker 3: a gallon this week, according to AAA figures.
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  Speaker 4: That's a record.
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  Speaker 3: And the increase has been particularly brutal for America's agricultural economy.
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  Speaker 4: Now, remember, diesel isn't simply another fuel.
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  Speaker 3: Diesel runs the American economy. It fuels the tractors that
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  Speaker 3: plant the corn. It fuels the combine that harvests it.
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  Speaker 3: It fuels the trucks that carry the food to a
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  Speaker 3: processing facility. And then another diesel truck carries the produce
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  Speaker 3: or the product to the distribution centers. And then another
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  Speaker 3: truck that is run on diesel carries it to your
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  Speaker 3: grocery store.
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  Speaker 1: So.
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  Speaker 3: Even if you're never owned a diesel vehicle in your life, you, yes,
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  Speaker 3: you are paying for diesel. You pay for it when
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  Speaker 3: you buy your groceries. You pay for it when you
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  Speaker 3: buy building materials. You pay for it when a package
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  Speaker 3: arrives at your house. And that's why this is quickly
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  Speaker 3: becoming such a major economic issue and a pressure point
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  Speaker 3: for American voters. One of the loudest voices has been
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  Speaker 3: the Republican Senator Chuck Grassley of Iowa. Grassley himself is
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  Speaker 3: a farmer. And he said the soaring diesel prices are
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  Speaker 3: killing farmers income. And he publicly then asked why Trump
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  Speaker 3: should impose an embargo on diesel exports similar to export
• 13:22
  Speaker 3: restrictions presidents used during the economic turmoil in the 1970s. Now,
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  Speaker 3: Republican Congresswoman Ashley Henson of Iowa has also joined this push. Now,
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  Speaker 3: the Congresswoman is advocating several ideas simultaneously. Number one, temporarily
• 13:39
  Speaker 3: she wants to suspend the federal gas tax. Two, pause
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  Speaker 3: diesel exports. Three, expand E15 availability. And four, restore the
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  Speaker 3: $ 1 per gallon biodiesel tax credit and creating a diesel
• 13:55
  Speaker 3: relief program for farmers and truckers. Now, the diesel relief
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  Speaker 3: program may actually have the best chance of winning, and
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  Speaker 3: I'm going to dive into that in a little bit
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  Speaker 3: as well. Now, Republican Congressman Zach Noon has argued that
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  Speaker 3: America should, quote, sell American energy to Americans first, while
• 14:13
  Speaker 3: other representatives have actually called for a total pause in
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  Speaker 3: exports of any diesel fuel. Republican Senate candidate Mike Rogers
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  Speaker 3: in Michigan came out and is advocating for a temporary
• 14:24
  Speaker 3: diesel export embargo as well, arguing that American produced energy
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  Speaker 3: should provide relief to American families before anybody else in
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  Speaker 3: the world. Then there's also Congressman Tim Burchett of Tennessee.
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  Speaker 3: He has gone beyond talking about it. He's actually now
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  Speaker 3: introducing legislation saying, Now, Burchett's bill would suspend diesel exports
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  Speaker 3: through January of 2027. Another part of his bill would
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  Speaker 3: trigger export restrictions when the national average diesel price hits
• 14:57
  Speaker 3: $ 5 a gallon and keep those restrictions in place until
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  Speaker 3: the average falls to $ 4. 50 a gallon or below for
• 15:03
  Speaker 3: 30 consecutive days.
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  Speaker 4: Which is a very interesting strategy.
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  Speaker 3: Now, we now know that we have congressmen that are
• 15:11
  Speaker 3: behind this and senators, but what about states? Well, the
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  Speaker 3: Louisiana governor has just proposed a straightforward 90-day pause on
• 15:19
  Speaker 3: American diesel exports. And Louisiana, by the way, matters because
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  Speaker 3: it sits at the heart of America's Gulf course refining industry. Now,
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  Speaker 3: Governor Landry's argument is this. America is producing the fuel.
• 15:33
  Speaker 3: Europe desperately needs the fuel. Europe is buying huge quantities
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  Speaker 3: of it. And Americans are consequentially competing in a global
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  Speaker 3: market for something being refined right here at home. Now,
• 15:45
  Speaker 3: Governor Landry of Louisiana argues that temporarily keeping more diesel
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  Speaker 3: inside the United States of America would not only increase
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  Speaker 3: domestic supply and provide immediate price relief, while Washington works
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  Speaker 3: on a longer-term solution. Now, U.S.
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  Speaker 4: Refineries produce more.
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  Speaker 3: Than 5 million barrels of distillate per day. Now, that
• 16:04
  Speaker 3: primarily is diesel. And historically, roughly a quarter was then exported.
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  Speaker 3: But the share has recently gone to above 35 percent
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  Speaker 3: amid the global distributions, according to the Energy Information Administration's
• 16:17
  Speaker 3: figures that were cited by the Louisiana governor. Now, why
• 16:21
  Speaker 3: is the rest of the world suddenly so desperate for diesel? Well,
• 16:24
  Speaker 3: there's two enormous geopolitical conflicts happening right now.
• 16:27
  Speaker 4: Number one, Iran. And number two, Russia-Ukraine war.
• 16:32
  Speaker 3: The wars and associated distributions have squeezed global petroleum and
• 16:36
  Speaker 3: refining supplies, sending buyers scrambling for American fuel. And this
• 16:41
  Speaker 3: is where Trump connected the diesel problem directly to Ukraine.
• 16:45
  Speaker 3: The president said Ukrainian attacks against Russian refining facilities are
• 16:49
  Speaker 3: hurting Russia, but they're also affecting diesel prices. Trump said
• 16:54
  Speaker 3: he planned to discuss those refinery attacks with Zelensky as
• 16:57
  Speaker 3: part of their meeting that is taking place right now
• 16:59
  Speaker 3: at the U.N. But here's where this even gets more complicated.
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  Speaker 3: There is also a serious economic argument against an export ban.
• 17:09
  Speaker 3: And interestingly, some of the strongest opposition is actually coming
• 17:13
  Speaker 3: from America's own energy industry. Let me give you an example.
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  Speaker 3: The Louisiana Mid-Continent Oil and Gas Association. They're now arguing
• 17:22
  Speaker 3: that domestic pipelines are already operating near capacity. Its president
• 17:27
  Speaker 3: said if refiners suddenly cannot export excess diesel, but also
• 17:32
  Speaker 3: cannot efficiently move the additional product elsewhere inside the United
• 17:36
  Speaker 3: States of America. then refiners could be forced to reduce production.
• 17:41
  Speaker 3: And refineries don't just manufacture diesel. They manufacture gasoline and
• 17:46
  Speaker 3: other petroleum products simultaneously. So their argument is that an
• 17:50
  Speaker 3: export restriction intended to lower diesel prices could eventually reduce
• 17:55
  Speaker 3: refinery output and potentially put upward pressure on the fuel prices,
• 17:59
  Speaker 3: meaning this would do the exact opposite of what the
• 18:02
  Speaker 3: president is hoping that it will do. Now, the Interior Secretary,
• 18:05
  Speaker 3: Doug Burgum, expressed similar skepticism last week, saying an oil
• 18:10
  Speaker 3: or fuel export ban would would be unlikely to reduce
• 18:14
  Speaker 3: consumer energy prices. That is, well, now the center of
• 18:18
  Speaker 3: this debate. Supporters are saying, hey, you got to keep
• 18:21
  Speaker 3: American diesel in America, increase domestic supply, and drive down
• 18:25
  Speaker 3: prices immediately.
• 18:26
  Speaker 2: Thank you for listening to the 47 Morning Update with
• 18:29
  Speaker 2: Ben Ferguson. Please make sure you hit subscribe wherever you're
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  Speaker 2: listening to this podcast right now. And for more in-depth news,
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